The state House-Senate Budget and Audit Committee will review the firing of the Alaska Permanent Fund executive director, beginning Monday.
So be it.
The firing has created suspicion in Alaska about the circumstances of the dismissal and the direction of the corporation.
The fund has reached a record-setting value of $83 billion since its inception in the 1970s.
Both the state, which now largely depends on the fund’s success for the bulk of its revenue, and Alaskans individually, have reaped the benefit of the fiscally responsible, conservative approach with the fund.
Angela Rodell was dismissed Dec. 9, 2021. Five members of the fund’s board, who were appointed by Gov. Mike Dunleavy, cast votes against her retention. The only other member, who was appointed by former Gov. Frank Murkowski, opposed the others.
That circumstance alone prompts discussions as to whether the board’s action was political. Dunleavy denies any effort to sway the board.
And, as is often the case with firings, the board isn’t providing its reasons. Rodell is alleging it’s a political action.
Given the magnitude of the fund in Alaska, the firing should be evaluated by the Budget and Audit Committee.
Then its findings should be made public.
This is a publicly owned fund with all Alaskans invested. The public has the right to know, the duty to know, and to be assured that the corporation’s business dealings are above reproach.
Only a review can set the record straight.